EOS Russia's net asset value at SEK 100.31 per share as of 10 January 2008, 13.15pm CET

EOS Russia's net asset value at SEK 100.31 per share as of 10 January 2008,
13.15pm CET

As of 10 January 2008, EOS Russia's estimated net asset value amounted to USD
441 m (SEK 2.825 bln at an exchange rate of SEK/USD 6.407). The net asset value
per share was SEK 100.31.

The net asset value per share has been calculated based on 28,162,734 shares,
the total number of shares in EOS Russia as of 10 January 2008.

The single largest holding in the portfolio was UES, holding a 82.5% share of
the total portfolio. As of 10 January 2008, the UES GDR's market price was USD
130.25. The market value have been calculated by using the mid-market price at
13.15pm CET. EOS Russia's leverage amounted to 1.9% of the net asset value.

This report has not been subject to review by the company's auditors.

As of 11 January, EOS Russia‘s latest NAV will be available on our web site:
www.eos-russia.com under the section “News and press” and “NAV Information”. The
information can be subscribed to either by email or via RSS-feed. EOS Russia
intends to continue to release the net asset value information through a press
release once a month.

Stockholm, 10 January 2008
EOS Russia

For further information, please contact:
Sven Thorngren, CEO: +46 (0) 8 509 00 180
Ann-Sofi Jönsson, Investor Relations: +46 (0) 8 509 00 180


EOS Russia is an investment company headquartered in Stockholm. The overall
objective of the company is to offer attractive returns via investments in the
Russian utility sector. EOS Russia's shares have been listed on First North, a
marketplace operated by the Stockholm Stock Exchange, since 25 June 2007.